Inox Wind Limited Max Pain Analysis
What is Max Pain?
Max Pain theory states the underlying gravitates toward the strike where option writers face minimum collective loss at expiry. For INOXWIND, that strike is ₹90. Spot at ₹99.58 is 10.64% above max pain — possible downward gravitational pull into expiry.
Max Pain Level
The maximum pain strike for Inox Wind Limited is ₹90, where option sellers experience minimal losses at expiry. This level acts as a magnet for the spot price in the final days as writer positioning exerts influence.
Spot vs Max Pain Gap
Spot trades at ₹99.58, 10.64% above the ₹90 max pain, indicating a notable upside gap. This disparity suggests downward pressure may build as the expiry date approaches.
Shift Signal
The max pain level has remained unchanged from the previous day, signaling stable writer sentiment. Balanced positioning at key strikes reflects no aggressive shift in short volatility bets.
Expiry Bias
A drift toward ₹90 is expected over the next 7 days, supported by concentrated open interest and structural bias. However, the pull strengthens meaningfully only within 5 days of expiry, limiting near-term momentum.
Trader Note
With 7 days to expiry, focus shifts to premium decay strategies only once the timeline shortens to ≤5 days.
Data as of 2026-04-21